Petroleum Economics: Issues and Strategies of Oil and Natural Gas Production / Edition 1

by Rognvaldur Hannesson

Overview

The petroleum industry is arguably the most influential and important industry in the world. This book offers a comprehensive introduction to the economics of oil and natural gas extraction and production along with a detailed discussion of pricing, taxing, and markets of these most valuable commodities.

The optimization of the time profile of revenues from individual fields is discussed along with the development of oil pricing, tax systems, and oil and natural gas regulation. This book will be of great value to petroleum engineers, students in business and economics, policy makers, and anyone else interested in the future of petroleum production.

Product Details

ISBN-13:	9781567202205
Publisher:	Bloomsbury Academic
Publication date:	10/28/1998
Pages:	176
Product dimensions:	6.14(w) x 9.21(h) x 0.44(d)

About the Author

DOGNVALDUR HANNESSON is a Professor of Fisheries Economics at the Norwegian School of Economics and Business Administration in Bergen, Norway where he teaches courses on both fisheries and petroleum economics. His publications include three books on fisheries economics and numerous academic articles.

Table of Contents

Preface
Oil and Oil Prices
The Markets for Energy
Natural Gas
Some Principles of Petroleum Production
Theories of Price Formation for Petroleum—Petroleum Rents
The Taxation of Oil Extraction
The Management of Petroleum Wealth
Petroleum Discoveries and Structural Changes
Bibliography
Index

Editorial Reviews

Provides a perspective on questions such as whether or not the world is running out of resources, what is the maximum rate of extraction, what should be done with the oil money, and what are the structural problems associated with a vital and growing petroleum industry. With an emphasis on economics and the upstream activities of the gas and oil industry, eight chapters discuss oil and oil prices; markets for energy; natural gas; principles of petroleum production; theories of price formation; taxation of oil extraction; managament of petroleum wealth; and discoveries and structural changes. Annotation c. by Book News, Inc., Portland, Or.

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